Energy conglomerate Shell is currently examining the possibility of offloading its interests in Argentina's Vaca Muerta shale reservoir, a significant site situated in the Neuquen basin. Recent contacts with potential purchasers indicate Shell's active efforts to measure market appetite for these assets.
The multinational corporation is contemplating either a partial or complete sale of the shale oil and gas properties. Insiders suggest the value of these holdings could reach into the billions of dollars, though assigning a precise price is hindered by the undeveloped nature of certain parcels and the unpredictable fluctuations in commodity markets.
Several individuals acquainted with the matter, preferring anonymity, pointed out that the contemplated transaction remains unsettled. Shell retains the option to maintain ownership of the Vaca Muerta properties if it so decides. When approached for comment, Shell chose not to address the subject publicly.
This development is part of Shell's broader portfolio strategy, reflecting ongoing evaluations of asset performance and market conditions. The Vaca Muerta formation continues to represent a strategic region for unconventional hydrocarbon extraction, yet navigating the current energy landscape and asset valuations presents notable challenges.